Versatile Warehouse & Office
124 Johnson Street, Newark, NJ 07105
4,500 SF warehouse and office in Newark's Ironbound District.
Type:IND, IND-FLEX, IND-OFC
Property size:
4,500 SFPrice / SF:
$233/SF- Added:
- Jun 16, 2025
- Days on Market:
- 350
- Last Refresh:
- Apr 3 at 5:00 am
Property Features for 124 Johnson Street
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- IND, IND-FLEX, IND-OFC
Building Details
- Year Built
- 1960
Listing agent Cheryl Darmanin License #111786, New Jersey (917) 696-0802
Listing office KW Commercial | Montclair, NJ | Cheryl Darmanin (917) 696-0802
Listing date Jun 16, 2025
Source Realnex
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Montclair, NJ | Cheryl Darmanin
HighLights
- Prime location in Newark's Ironbound District with exceptional access to Newark Liberty International Airport, Port Newark, and New York City.
- Versatile space featuring a 4,500 SF warehouse and office layout suitable for logistics, manufacturing, or distribution.
- Functional warehouse includes a ground‑floor warehouse with a large bay and garage door for easy loading.
- Ready for occupancy: Vacant and turnkey condition allows for immediate occupancy.
- Office amenities: Equipped with four private offices featuring built‑in cabinetry and a kitchenette.
- Offers three half baths and one full bath for convenience.
Overview
Located in the Grove Street Neighborhood Development Plan Zone of Newark’s Ironbound District, this 4,500 SF property offers warehouse and office space. The two-story flex building features a ground-floor warehouse with one bay and a full garage door for loading, along with a second-floor storage area. There are four office rooms with built-in cabinetry. A kitchenette includes a sink, refrigerator, and storage. The property contains three half baths and one full bath. The office area is air-conditioned. The property is vacant and available for immediate occupancy. It is suited for logistics, light manufacturing, contractor operations, or small distribution firms requiring proximity to Port Newark, EWR Airport, and the NYC metro.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $30.00 |
| − Vacancy | −$31.5k | −$6.99 |
| EGI | $103.5k | $23.01 |
| − OpEx | −$25.9k | −$5.75 |
| NOI | $77.7k | $17.26 |
4,500 SF · lease $30.00/SF/yr · vacancy 23.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$970.7K – $1.29M
NOI $77,659 @ 7.0% cap · market cap 7.40%
Second Best
Flex RnD
$839.4K
$734.5K – $979.3K
NOI $58,757 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,666 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Arlindo Catering Inc — 410 Adams St, Newark, NJ 07114
- Smell So Good Catering — 183 Pennington St, Newark, NJ 07105
- Mediterranean Manor — 255 Jefferson St, Newark, NJ 07105
- Gategourmet — 233 Miller St, Newark, NJ 07114
- Fuel Chef — 149 Oliver St, Newark, NJ 07105
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1685039
- Latitude
- 40.7231896
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 4,500 SF warehouse and office in Newark's Ironbound District.
Where is this flex space located?
The property is located at 124 Johnson Street Newark, NJ.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Prime location in Newark's Ironbound District with exceptional access to Newark Liberty International Airport, Port Newark, and New York City.; Versatile space featuring a **4,500 SF warehouse and office layout** suitable for logistics, manufacturing, or distribution.; Functional warehouse includes a ground‑floor warehouse with a **large bay and garage door** for easy loading.
